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NFIB Small Business Optimism Index increases to 91.7
The Index of Small Business Optimism gained 2.7 points in October rising to 91.7. Although the increase is not a huge move, it is an improvement, perhaps anticipating an acceleration in economic activity. However, the Index still remains in recession territory.
Optimism rose again in October to 91.7, but remains stuck in the recession zone established over the past two years, not a good reading even with a 2.7 point improvement over September. This is still a recession level reading based on Index values since 1973. However, job creation plans did turn positive and job reductions ceased. The mood for inventory investment weakened a bit even though views of inventory adequacy improved, and an improvement in sales trends produced a marked improvement in profit trends, still ugly, but less so by a significant amount.
Posted: November 9, 2010 Tuesday 07:30 AM